Is China hoarding gold so yuan becomes global reserve instead of USD?
For nearly a century, the US dollar has ruled the global financial system. Buy a couple of million barrels of oil, or a few million...
Tag : yuan
China Formalizes Ban on Yuan Stablecoins, RWA Tokenization
In brief China’s central bank and regulators have issued a notice that bans unapproved issuance of renminbi-pegged stablecoins, including those offshore. Most real-world asset tokenization...
Indians slam Pudgy Penguins, ex-digital yuan boss’s crypto scandal: Asia Express
Pudgy Penguins makes enemies in India Non-fungible token brand Pudgy Penguins has drawn backlash over a now-deleted post on X that singled out Indian social...
China’s Digital Yuan Architect Accused of $8M Crypto Bribery Scheme
Yao Qian, the former architect of China’s digital yuan, accepted crypto bribes worth over $8 million while holding senior regulatory positions, Chinese state media revealed...
China’s interest-bearing digital yuan piles pressure on US stablecoin rules
China’s move to let banks pay interest on digital yuan wallets from Jan. 1 is sharpening the debate in Washington over whether United States dollar...